petroleum sector | Egypt Oil & Gas - Part 6
Petroleum Sector Participates in Development Projects in Hagar El Maris Village
The petroleum sector, in cooperation with the Orman Association, implemented several projects to support the neediest and most vulnerable families in the Hagar El Maris village, Luxor Governorate. This cooperation cam...
Petroleum Projects Exempted from Investment Rationalization Decision: El Molla
Egyptian oil and gas sector projects will be excluded from the government’s decision to rationalize investment dollar spending, Minister of Petroleum and Mineral Resources Tarek El Molla, told CNBC in an Interview. El...
Egyptian Petroleum Sector Successfully Cuts 1.35M Tons of Emissions
The Ministry of Petroleum and Mineral Resources announced that its low-carbon projects reduced carbon dioxide emissions by 1.347 million tons. This effort came in line with the ministry’s Modernization strategy which ...
Oil Trade Balance Achieves Surplus of $4.4B in FY 2021/22
The Central Bank of Egypt (CBE) announced that the oil trade balance achieved a surplus of $4.4 billion during fiscal year (FY) 2021/22, compared to a deficit of $6.7 million during FY 2020/21. According to the balanc...
Egypt, Djibouti Explore Petroleum Cooperation Opportunities
Minister of Petroleum and Mineral Resources Tarek El Molla along with Djibouti’s Minister of Energy and Natural Resources Yonis Ali Guedi has agreed to form a joint task force to identify cooperation opportuniti...
Petroleum Sector Acquires Toyota’s EDC Shares
The Egyptian Drilling Company (EDC) disclosed, during its general assembly meeting, that the petroleum sector has acquired 50% of the company which was owned by the Japanese Toyota company. By the acquisition, Egypt h...
Egypt, UAE Discuss New Investment Opportunities
Prime Minister Mostafa Madbouly held a meeting at the Cabinet headquarters with Sultan Al Jaber, UAE’s Minister of Industry and Advanced Technology and CEO of ADNOC, and his accompanying delegation, which includ...
MoP: EGP 813 Million Saved Due to Improved Energy Efficiency
The Ministry of Petroleum and Mineral Resources said that it has implemented an integrated program for improving energy efficiency in 31 petroleum companies, which saves EGP 813 million annually. The ministry said tha...
